“If the deal is so sweet let the private sector buy it”
Pleeeaaase loose the populist attitude and think. If you read my post before responding you will notice the fact that the government can force a cramdown. a private buyer cannot.
I see that you keep using WE. We what? We are going to recover 8-12 percent on a loan. Oh yeah. WE are going to get a check??
We aren’t getting anything face it. The DOW went down another 350 today, doesn’t that mean we need a couple more hundreds of billions of dollars?
Kill the Bailout. If we didn’t need one when the DOW went down 36 percent from 00/02 we don’t need it for a 21 percent drop today.
Sorry man but thats the numbers.